The War on Pix: Why Washington Is Desperate to Kill Brazil’s Free Payment Revolution
The US is quietly trying to undermine Brazil’s Pix—the free, state-backed instant payment system that has already revolutionized finance for 90% of Brazilians. This isn’t about consumer protection. It’s a geopolitical battle to protect the dollar’s monopoly and the rent-seeking model of legacy banks. The winner will decide whether future payments are a public utility or a private toll road.